Jenni Morejon, president and CEO of (Ft. Lauderdale's) Downtown Development Authority, said the downtown area made up 20% of the city’s overall property value. In less than a decade, she said, the assessed value of downtown Fort Lauderdale has doubled, which results in new real estate taxes. “To that extent, we have almost tripled in the amount of real estate taxes that are given to local governments,” Morejon said, adding that $140 million in real estate taxes comes from downtown Fort Lauderdale annually — a threefold increase from 10 years ago. (Article link below.)